The gainers chart today was quite tepid as most stocks gained between 2% and 6%. Good old ABC Transport topped the gainers chart today after the company announced a proposed a 6kobo dividend as well as a 1 for 10 bonus issue. The dividend is payable September 12th. The market loves dividend and love bonus shares even more. Let’s see how far this bull run will last.
Oando and FO continued to lead the slide for stocks in the Oi and Gas sector as they both lost 10% respectively. Caverton also joined that list losing 5%. Japaul which led the gainers list yesterday lost 4% today as well. You see why I hate speculation??